Silicon Valley investors that helped build the solar industry are shifting cash into electricity-grid technology and energy-storage developers after bets on panel manufacturers failed to pay off. Companies including VantagePoint Capital Partners and Khosla Ventures are stepping up funding for systems to manage electricity, which are typically less capital intensive than solar-panel factories. Venture capital and private-equity financing for renewables dropped to its lowest in at least six years in 2012, according to data compiled by Bloomberg.(Snip) Investment flowing from private equity and venture capital firms into renewable energy fell 34 percent to $5.75 billion last
Comments: Greedy investors see no money in unicorn power. Time for government to double down for the greater good!
All these "investments" are pretty much pie in the sky, or as the old saying goes - "A fool and his money are soon parted". FWIW the magic number for solar is 2 watts per sq. ft. or 20 watts per sq. meter. Thats all the power you will get day in and day out if you are lucky and everything is up to spec. As for SolarCity, it is only a matter of time before the fraud lawsuits start flying. No matter what the contract may actually say, the lo-fo voters sitting on the jury will hand out cash like a runaway slot machine.
When the government gets involved the intellectual assets become owned by the government. When a private consortium was nearing success on a human genome project, President Clinton declared that no patents would be allowed on human DNA. Billions in private capital fled the market. Duhh.
LOL! Time to wake up and realize that all the ´alternate energy´ added together is about the same as the roundoff error when calculating the total power used by this country. It is not econimcally sensible as a primary power source almost anywhere.
I have a house with 100% solar electricity in a remote area where there is a lot of sun and electric power would have been EXTREMELY expensive to have run. It makes sense there, but all the serious loads, including the refrigerator, have been moved to propane. Only things that HAVE TO be electric are electrified. This works, but is entirely uneconomic anywhere that mains power is available. I´m glad to see that this is finally soaking in.
The pathetic truth about electric cars will eventually be common knowledge, again.
I was at NAS North Island the other day and noticed a row of huge, gimbal-mounted solar arrays taking up valuable space on the carrier piers. Then I noticed that similar arrays had popped up throughout the base. Same thing at MCAS Miramar - acres of solar panels, everywhere. An indirect pouring of even more tax dollars into the industry.
Richmond, Va. – There is a group of teenagers going around Richmond and knocking out people on the streets, Richmond Police Det. W. Cutshall said. The teens then steal whatever they want from the victim. “It’s two to three, sometimes four male juveniles knocking pedestrians or bicyclists to the ground,” Det. Cutshall said. “When they knock them to the ground, they begin punching them and kicking them and taking whatever they have in their possession.” (Snip) The victims’ injuries in the attacks have grown more serious recently, he added. In some instances victims have been knocked unconscious or lost teeth in the
Despite the reprieve granted by President Obama, most of the 800,000 people in New Jersey who have been told their health policies can´t be renewed next year still don´t know whether they´ll get to keep their plans when it comes time to renew them in 2014. Insurance Commissioner Kenneth Kobylowski told a state Senate Commerce Committee hearing Thursday that not a single company has committed to renewing the old plans yet. He was invited to testify by state Sen. Nia Gill, the chairwoman of the committee and an Essex Democrat, about his decision last week to let insurance companies decide
Investigators probing the racist spray painting last month of the small-town Massachusetts home of an eighth-grade football player are now focusing on the 13-year-old boy´s mother. Andrea Brazier, mother of football player Isaac Phillips, is now being investigated as the sole suspect in a crime that shocked the town and nation when she blamed her son´s teammates for spray painting racist graffiti all over the family´s home. ‘Knights don’t need n*****s´ was found spray painted on the side of their Lunenburg home. The school cancelled the remainder of the Blue Knights´ season in response.
Robert Menendez beamed as a West New York School elementary school was named after him this afternoon. "I can think of no better tribute than having an elementary school named in my honor," the U.S. senator said at a ceremony at the 55th Street school, which previously was known as School 3. "It´s where it all began for me and I know my mother, who has passed away, would have been proud." (Snip) When he asked a crowd of sixth-graders sitting in the back of the auditorium what they dreamed of becoming some day, they shouted out career aspirations:
Despite the bumper-to-bumper decorations, Lynda Farley says she can see perfectly fine out of her minivan. And she was willing to drive more than 100 hours and 5,000 miles to prove it. The 62-year-old Kentucky woman made the nearly 12-hour, 800-mile drive from Edmonton, Ky., to Warren County "four or five times" in recent months to fight the $56 obstructed-view traffic ticket. Today, a New Jersey Superior Court judge in Belvidere tossed the ticket after ruling Farley´s view through the windshield wasn´t hindered by the political signs and figurines that cover her van.
Sydney — A brazen bird snatched a video camera that was recording crocodiles in northwest Australia and captured fascinating footage of its 70-mile journey across the country’s remote landscape. Wildlife rangers in Western Australia’s Kimberly region released video on Monday that reveals the sea eagle’s caper. The bird’s flapping wings can be seen as it grabs the device and takes off, and the eagle later poses for a selfie, poking its face into the camera lens. Rangers set up the motion-sensor camera along the Margaret River in May, hoping to record images of crocodiles. The camera, which is about
As toll increases go, the one that starts today is pretty moderate, at least for most of us: an extra 75 cents on your E-ZPass bill to drive a car across the George Washington Bridge. But truckers are being asked to dig a lot deeper — deep enough, they say, to cut into or even eliminate their profits. And some say they are now at a crossroads in terms of their willingness to take runs into and through the New York Metropolitan area. It will now cost those who pay cash to cross in the biggest rigs more than $100, and
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
The health director who approved the release of President Obama’s birth certificate has died in a plane crash, Hawaiian officials said Thursday. Loretta Fuddy died after the Cessna Grand Caravan aircraft she was travelling on went down shortly after leaving Kalaupapa Airport at around 3:15 p.m. local time (10:15 a.m. ET) on Wednesday. The other eight people on board were rescued, Richard Schuman, president of Makani Kai Air, told NBC News early Thursday, adding that that there was no indication as to why the plane had crashed. Fuddy hit the headlines two years ago when she approved a waiver request allowing Obama to
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans